Housing costs in Maryland?
A typical home costs
$161,400, which is 52.3% less expensive than the national average of
$338,100 and 61.0% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Maryland costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 96.0% cheaper than the state average of
$1,960.
Can I afford Maryland?
To live comfortably in Maryland, New York, a minimum annual income of
$30,960 for a family, and
$33,600 for a single person is recommended.
What does A.I. say about Maryland?
The cost of living in Maryland, NY is slightly higher than the national average. Housing costs are particularly on the high end, with the median home-price for single family homes being over $362,000. Rent prices are also quite high, especially in areas close to major transportation hubs and popular tourist destinations. Grocery and utility costs are also moderately priced when compared to other cities. However, with the abundance of job opportunities and quality of life that Maryland has to offer, many find it worth the additional cost of living.